China's tech giants race to secure last Nvidia's AI chips amid US ban

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The latest round of restrictions has dealt a huge blow to China's AI aspirations, leaving companies struggling to secure key components, according to a newsWe are “stepping up communication with multiple Nvidia distributors in the limited window period” as the US escalates restrictions, Xiamen Hongxin Electron-Tech Co, a Shenzhen-0based, told investors on its official Q&A platform on Wednesday.

Meanwhile, Inspur, a well-known manufacturer of servers in China and an important Nvidia distributor, is claimed to be proactively hoarding chips due to short supply.

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